Content about Staples Inc.

I have to admit, the recent announcement of the merger between Office Depot and OfficeMax took me by surprise. It’s not as though it doesn’t make sense — it’s logical both logistically and financially — but, while there had been a few rumblings and rumors, this is a dramatic move that took place with relatively little forewarning.

New York -- Office Depot and OfficeMax are in talks to merge, according to reports by the Wall Street Journal and Bloomberg.

The retailers are discussing as potential stock swap that would result in a single company with nearly $18 billion in revenue, reports said. The combined company would be better positioned to take on Staples, Walmart and other competitors.

Framingham, Mass. -- Staples Inc. announced Monday that its president and COO Michael Miles has left the company, effective Feb. 2.

Miles has accepted a position with Boston-based investment firm Berkshire Partners.

New York -- According to a Monday report by Reuters, Staples will install Amazon lockers inside its U.S. stores, providing consumers an alternative location to receive packages from the online retailer.

According to the report, customers are sent an email code with a pickup code for opening the locker. Shoppers then have three days to retrieve the package.

Dover, Del. -- A Friday report by the Associated Press said that Staples Inc. will pay $8.9 million to settle an abandoned property dispute with the state of Delaware.

A final payment is slated to be paid by Staples on Monday to settle the two-year-old suit that involved Delaware’s method of calculating liability for abandoned property. Staples argued that unclaimed customer rebates should not be considered abandoned property, but a judge disagreed.

New York -- Staples and Starbucks Coffee Co. have joined a voluntary national initiative to reduce energy consumption. Under the Better Buildings Challenge, companies commit to reducing the energy use in their facilities by at least 20% by 2020, and to post their annual power consumption and information on their conservation projects on a U.S. Department of Energy website.

Staples, with 43 million sq. ft., joined the Better Buildings Challenge with a commitment to reduce energy intensity by 25% by 2020 and reduce its carbon footprint by 50% by 2025.

Framingham, Mass. -- Staples Inc. said its first-quarter net income fell 6% to $187.1 million, compared to $198.2 million a year ago, hurt by weakness abroad.

Total sales fell 1.1% to $6.1 billion. International sales, which account for roughly 20% of the company’s total revenue, dropped 8% to $1.2 billion. In the United States, Staples’ revenue was flat.
 

New York -- StoreBoard Media announced Tuesday that its licensee, StoreBoard Media Canada, has added Staples Canada and Zellers to its in-store billboard network, which offers marketers an opportunity to advertise their brands on security pedestals located at entranceways and in other high-traffic areas of stores.

The pair of agreements will add nearly 4,000 security pedestals to the StoreBoard Canada network.

Framingham, Mass. -- Staples Inc. beat Wall Street estimates as its fiscal fourth-quarter net income rose 3.2% to $283.6 million. Weakness in Europe and Australia was offset by the company’s strongest North American retail sales growth in more than a year.

Total company sales rose 0.7% to $6.46 billion, while analysts expected about $6.45 billion. Sales at Staples’ North American delivery segment and domestic retail segment, which together account for about 80% of the company's revenue, rose 2% to $5.16 billion.

Framingham, Mass. -- Staples announced the appointment of Mike Edwards to executive VP, U.S. retail merchandising. He previously served as president and CEO of Borders Group and had also served as the company’s chief merchant.

Framingham, Mass. -- Staples said Thursday it has appointed Kirk Saville as VP global communications, charged with overseeing Staples’ internal and corporate communications, marketing, public relations, community relations and corporate events.

Saville, who joins Staples from The Hershey Co. where he was VP corporate communications, will report to Steve Fund, Staples senior VP global marketing.
 

Framingham, Mass. -- Staples Inc. reported Tuesday that profit for the third quarter climbed 13% to $326.4 million, from $288.7 million a year earlier. Earnings met Wall Street expectations.

Revenue rose 1% to $6.57 billion from $6.54 billion, missing analysts’ expected $6.71 billion. North American retail unit revenue was flat at $2.7 billion, with same-store sales down 1%. International revenue slid 7% on a local currency basis to $1.3 billion, leading the retailer to adjust its full-year forecast downward.